- ISIN
- US55276T8181
- Issuer
- MFS
- Inception Date
- Aug 15, 2018
- Category
- Commodities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Commodity
Share Price Chart
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Performance
MCSFX Performance Chart
MFS Commodity Strategy Fund (MCSFX) is up 15.8% since the beginning of the year. MCSFX is currently trading at $4 per share. Investors who bought $1,000 worth of MCSFX shares 5 years ago would now be looking at an investment worth $1,593.
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Returns By Period
MFS Commodity Strategy Fund (MCSFX) has returned 15.83% so far this year and 23.42% over the past 12 months.
MFS Commodity Strategy Fund
- 1D
- -0.95%
- 1M
- -6.92%
- YTD
- 15.83%
- 6M
- 15.83%
- 1Y
- 23.42%
- 3Y*
- 11.48%
- 5Y*
- 9.76%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MCSFX Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 2019, MCSFX's average daily return is +0.05%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Jan 2026 with a return of +9.7%, while the worst month was Mar 2020 at -15.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MCSFX closed higher 48% of trading days. The best single day was Dec 9, 2021 with a return of +55.7%, while the worst single day was Dec 10, 2021 at -36.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.72% | 2.53% | 6.42% | 4.64% | -2.00% | -5.66% | 15.83% | ||||||
| 2025 | 4.24% | 0.54% | 3.77% | -5.19% | -0.27% | 3.02% | -0.53% | 3.22% | 2.08% | 2.04% | 2.74% | 0.61% | 17.09% |
| 2024 | 0.86% | -2.00% | 3.50% | 0.85% | 1.12% | -0.55% | -3.33% | 0.00% | 4.60% | -2.20% | 0.84% | 0.83% | 4.32% |
| 2023 | -0.00% | -5.03% | 0.00% | -0.84% | -6.46% | 3.60% | 6.09% | -0.55% | -1.10% | 0.28% | -0.55% | -2.34% | -7.25% |
| 2022 | 8.43% | 6.05% | 8.55% | 4.88% | 2.50% | -12.57% | 5.19% | -0.38% | -10.10% | 1.06% | 3.14% | -2.56% | 12.27% |
| 2021 | 2.66% | 5.74% | -2.10% | 8.59% | 3.13% | 2.08% | 1.56% | -0.46% | 5.73% | 1.90% | -7.90% | 3.72% | 26.40% |
Benchmark Metrics
MFS Commodity Strategy Fund has an annualized alpha of 9.80%, beta of 0.19, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since March 20, 2019.
- This fund participated in 47.34% of S&P 500 Index downside but only 44.21% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.19 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 9.80%
- Beta
- 0.19
- R²
- 0.02
- Upside Capture
- 44.21%
- Downside Capture
- 47.34%
Expense Ratio
MCSFX has a high expense ratio of 1.89%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MCSFX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for MFS Commodity Strategy Fund (MCSFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCSFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.78 | -0.47 |
| Martin ratioReturn relative to average drawdown | 7.89 | 12.44 | -4.55 |
Dividends
Dividend History
MFS Commodity Strategy Fund provided a 12.99% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.54 | $0.08 | $0.04 | $0.99 | $2.34 | $0.01 | $0.05 |
Dividend yield | 12.99% | 15.05% | 2.25% | 1.04% | 26.24% | 54.80% | 0.15% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for MFS Commodity Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.34 | $2.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the MFS Commodity Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the MFS Commodity Strategy Fund was 37.16%, occurring on Dec 20, 2021. Recovery took 1059 trading sessions.
The current MFS Commodity Strategy Fund drawdown is 9.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2021 bear market2021 | -37.16%Dec 2021 | 10d | 4y 2mo | 4y 3moDec 2021 - Mar 2026 |
COVID crash2020 | -30.74%Mar 2020 | 11mo 12d | 10mo 23d | 1y 10moApr 2019 - Feb 2021 |
2021 correction2021 | -10.66%Dec 2021 | 1mo 6d | 8d | 1mo 14dOct 2021 - Dec 2021 |
2026 pullback2026 | -9.74%Jun 2026 | 1mo 5d | — | 1mo 10dMay 2026 - now |
2021 pullback2021 | -6.85%Aug 2021 | 21d | 24d | 1mo 15dJul 2021 - Sep 2021 |
Drawdown Indicators
| MCSFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -56.78% | +19.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.74% | -9.10% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -18.90% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -25.43% | -11.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.74% | -1.80% | -7.94% |
Average DrawdownAverage peak-to-trough decline | -18.20% | -10.71% | -7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 2.03% | +0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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